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Reuters exclusively reports ex-director seeks to stall $2 billion Paytm IPO

Reuters exclusively reports ex-director seeks to stall $2 billion Paytm IPO

Business & Finance

Reuters exclusively reported Indian digital payments leader Paytm was facing a hurdle with its planned IPO after a former director urged India’s markets regulator to stall the offering, alleging he is a co-founder who invested $27,500 two decades ago but never got shares. In legal documents seen by Reuters, Paytm says the claim by Ashok Kumar Saxena and allegations of fraud in a police complaint in New Delhi are mischievous attempts to harass the firm. 

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Equities

Regions: Americas

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

Categories:
USA
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